Fast Retailling Is Undervalued; We Believe Its China Operations Will Improve in the Long Run

Uniqlo, the dailywear brand known for its product quality and functional materials at affordable prices, is Fast Retailing’s core business. Uniqlo’s brand concept embraces global consumers of a wide age range, enabling economies of scale and strategic partnerships with leading textile suppliers. Uniqlo International was the largest segment, representing 55% of Fast Retailing’s EBIT in the first half of fiscal 2025.